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with the social security payroll tax holiday expiring, those taxes will go up 2%, back to where they were in 2009. that means the armstrong family, making $50,000 a year, close to the national median, can expect to pay another $1,000 a year in taxes. while the smith family, earning $100,000, will pay an extra $2,000 a year. craig carnick is a certified financial planner in denver. >> there's no question that the extra $100 a month, $150 a month will hit the average american in the pocketbook. but the good news is that inflation is under control, gas pump prices are down. >> reporter: still, many americans who have struggled through a rough economy have counted on that extra 2%. >> there are a lot of people that the only pay increase they saw in the last two years was that payroll tax holiday. now that it's going away, it's going to squeeze consumer buying power. >> reporter: other tax changes, higher income families will lose some their deductions and families earning more than $450,000 will see their top tax rate go up to 39.6%. their investment income will also be taxed at a higher
with the social security payroll tax holiday expiring, those taxes will go up 2%, back to where they were in 2009. that means the armstrong family, making $50,000 a year, close to the national median, can expect to pay another $1,000 a year in taxes. while the smith family, earning $100,000, will pay an extra $2,000 a year. craig carnick is a certified financial planner in denver. >> there's no question that the extra $100 a month, $150 a month will hit the average american in the...
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Jan 7, 2013
01/13
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raised by increasing taxes on the wealthy. >> so where did all that money from letting the tax cuts expire for the rich go? they gave it right back to big business. >> reporter: so, despite all the rhetoric about cutting the deficit, washington still seems to be engaging in business as usual, doling out money through tax breaks and special projects. take that $60 billion emergency bill passed by the senate to help victims of superstorm sandy. much of that money is desperately needed for recovery, but not all. >> many billions of dollars in this bill has nothing to do with helping the victims of sandy. >> reporter: taxpayer watchdog groups complain that buried in this emergency bill is money for amtrak projects, fisheries in alaska and mississippi and new cars for the justice department. >> it's like they don't get it that we've got the warning siren going on the debt crisis, and yet they want to do things just the way they've always done. >> reporter: the ultimate losers, experts says, are americans asked to pay more taxes or to give up benefits. lisa meyers, nbc news, washington. >
raised by increasing taxes on the wealthy. >> so where did all that money from letting the tax cuts expire for the rich go? they gave it right back to big business. >> reporter: so, despite all the rhetoric about cutting the deficit, washington still seems to be engaging in business as usual, doling out money through tax breaks and special projects. take that $60 billion emergency bill passed by the senate to help victims of superstorm sandy. much of that money is desperately needed...
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Jan 1, 2013
01/13
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rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold, more disappointment. >> i feel it's quite disturbing that our elected officials cannot come together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >>
rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold,...
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-- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and today the same for everyone else. but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income taxes go up for everyone. roughly $2,400 next year for a family making 50 to $75,000. the 2% payroll tax break ends, costing an average worker another $1,000 a year. higher taxes on savings and investments. families will pay more on large inheritances. and for those on hard times, out of a job longer than six months, unemployment benefits stop. visitors to capitol hill say they're out of patience. >> i don't think it's fair that our kids are coming into this world with so much debt. >> reporter: the new year with no deal also means government spending faces deep cuts. slicing 8 to 9% from many federal agen
-- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and today the same for everyone else. but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income taxes go up for everyone....
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Mar 4, 2013
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he got his tax hikes. $650 billion with the tax hikes on january 1st. i'm gonna say it oneore time. the president got his tax hikes on january 1st. >> reporter: boehner's senate counterpart agreed. >> so far, i haven't heard a single senate republican say they would be willing to raise a dime in taxes to turn off the sequester. >> reporter: the white house is still relying on the public's power to persuade congress. >> our hope is that as more republicans start to see this pain in their own districts, that they will choose bipartisan compromise over this absolutist position. >> reporter: the next budget battle, a fight later this month to continue funding the government. at least on that, there appears to be consensus. >> the president this morning agreed that we should not have any talk of a government shutdown. >> the president doesn't believe in manufacturing another crisis. >> reporter: and members of congress say, lester, they have been getting an earful. consider the words of the democratic senator from delaware, thomas carper, who said he heard from his most important constit
he got his tax hikes. $650 billion with the tax hikes on january 1st. i'm gonna say it oneore time. the president got his tax hikes on january 1st. >> reporter: boehner's senate counterpart agreed. >> so far, i haven't heard a single senate republican say they would be willing to raise a dime in taxes to turn off the sequester. >> reporter: the white house is still relying on the public's power to persuade congress. >> our hope is that as more republicans start to see...
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Aug 4, 2013
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means a big tax break for many parents shopping for school supplies, but not everyone thinks it's a good idea. >>> and fantastic voyage. as a group of american treasure hunters strike it rich, very rich, at the bottom of the sea. >>> good evening. just a short time ago, the state department announced it will extend the closings of some u.s. embassies in the face of a serious and credible, but so far unspecified, terror threat against american tro interests overseas. some two dozen embassies and consulates were closed today as a precaution as we learn more about the level and gravity the intelligence officials are acting upon. the consensus seems to be the threat is very real, but it's the targets that appear to be anyone's guess, which is why a worldwide warning remains in effect for americans traveling abroad. once again, tonight we're tracking all angles of this story, christian welker starts us off at the white house. good evening, kristen. >> reporter: good evening. tonight the state department announced two dozen of the diplomatic posts closed today will remain closed through next w
means a big tax break for many parents shopping for school supplies, but not everyone thinks it's a good idea. >>> and fantastic voyage. as a group of american treasure hunters strike it rich, very rich, at the bottom of the sea. >>> good evening. just a short time ago, the state department announced it will extend the closings of some u.s. embassies in the face of a serious and credible, but so far unspecified, terror threat against american tro interests overseas. some two...
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Mar 3, 2013
03/13
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democrats don't get the tax increases they want. the american people don't get the government or the economy they need. >> reporter: now, lawmakers are hoping to work out a deal in the coming weeks to stave off the most serious cuts but, frankly, there is not a lot of hope that is going to happen and the next budget battle is looming at the end of this month. >> kristen, thanks. for more on the politics of this impasse let's bring in david gregory moderator of "meet the press." david, you sat down with speaker boehner for an interview. do you get a sense there is a face saving solution for either side in this? >> reporter: well, i think for the republicans they have rallied around the idea this may be a clumsy way of cutting spending but is still a spending cut and that is preferable to raising taxes. i talked about the dynamic with speaker boehner between him and the president harkening back to the meeting they had friday. here is part of that exchange. what goes on in these meetings? you talk about a nice conversation. you keep ta
democrats don't get the tax increases they want. the american people don't get the government or the economy they need. >> reporter: now, lawmakers are hoping to work out a deal in the coming weeks to stave off the most serious cuts but, frankly, there is not a lot of hope that is going to happen and the next budget battle is looming at the end of this month. >> kristen, thanks. for more on the politics of this impasse let's bring in david gregory moderator of "meet the...
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Apr 13, 2013
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they paid about $112,000 in total tax. works out to a tax rate of 18.4%. the white house was quick to note today the president thinks his tax rate is too low. >>> still ahead for us tonight, the growing number of older americans on the cutting edge. getting up to speed and fast for a very good and basic reason. >>> later, the comic legend being remembered tonight as one of the all-time greats. >> announcer: the road to retirement, brought to you by fidelity investments. take control of your personal economy. >> after several years of not that much technological growth, america's seniors are turning to computer use more than ever before. the folks at the pugh research center now say the gains are significant. one of the reasons behind the sharp increase may be this stat from the aarp which estimates roughly half of all grandparents in this country live at least 400 miles away from the grandkids. as our own chris jansing reports tonight, they are prompted by the very simple motive of keeping in touch. >> do you hear clicking? >> no! >> reporter: the trials a
they paid about $112,000 in total tax. works out to a tax rate of 18.4%. the white house was quick to note today the president thinks his tax rate is too low. >>> still ahead for us tonight, the growing number of older americans on the cutting edge. getting up to speed and fast for a very good and basic reason. >>> later, the comic legend being remembered tonight as one of the all-time greats. >> announcer: the road to retirement, brought to you by fidelity investments....
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Feb 24, 2013
02/13
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revenue in the context of tax reform if democrats give ground on entitlements. because of the recent slow-down nationally in health care costs, reining in medicare is a more manageable problem than it's been in years. >> john harwood, good to have you tonight, thank you. >>> we turnover seas to south africa, where tonight oscar pistorius is living in his uncle's house, after being released on bond unable to return to his own home, where he shot and killed his girlfriend nine days ago. tonight we're hearing from reeva ste steenkamp's father. michelle kosinski is in south africa with the latest. >> reporter: oscar pistorius went to his uncle's house after being released on bond yesterday, not allowed back in his own home which is the scene of the alleged crime. tonight we're hearing from his girlfriend's father, bitterly grieving, saying he someday might forgive pistorius, on one condition. oscar pistorius did not venture outside his uncle's home today where cameras of course were waiting. probation officers did pay him a visit. one of the many conditions of his r
revenue in the context of tax reform if democrats give ground on entitlements. because of the recent slow-down nationally in health care costs, reining in medicare is a more manageable problem than it's been in years. >> john harwood, good to have you tonight, thank you. >>> we turnover seas to south africa, where tonight oscar pistorius is living in his uncle's house, after being released on bond unable to return to his own home, where he shot and killed his girlfriend nine days...
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Apr 6, 2013
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a payroll tax hike on high income medicare beneficiaries and a tobacco tax to pay for a universal pre-k program the president touted in the state of the union. not surprisingly the most powerful senior citizen lobby, aarp, they are already out with polling data warning any member of congress that supports this change in social security will have -- well, heck to pay at the ballot box in 2014. so it begins. >> our thanks to chuck todd at the white house tonight. >>> another high ranking official is out at rutgers university tonight in the wake of the scandal of the men's basketball coach abusing players. all of it captured on video for all the world to see. our report tonight from nbc's anne thompson. >> reporter: from the leadership of rutgers university today, regret for the behavior that shocked the nation. >> if i had to do it again, i would have asked for that video. >> reporter: president robert barchi conceded he never looked at the video though he was told what was on it, when he approved the suspension of head basketball coach mike rice in december. it shows rice physically abus
a payroll tax hike on high income medicare beneficiaries and a tobacco tax to pay for a universal pre-k program the president touted in the state of the union. not surprisingly the most powerful senior citizen lobby, aarp, they are already out with polling data warning any member of congress that supports this change in social security will have -- well, heck to pay at the ballot box in 2014. so it begins. >> our thanks to chuck todd at the white house tonight. >>> another high...
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Nov 26, 2013
11/13
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the cadillac tax is designed to make companies and workers more cost conscious. the thinking is that if workers have to pay more expenses themselves, they will avoid unnecessary procedures. and that will bring down overall health costs. the president's top economic adviser insists the tax ultimately will hit only a small percentage of plans and four years from now. when employers notify workers they're saying one of the reasons for greater out of pocket costs is the new health care law. >> i don't see that at all. nothing in the law tells you that you need to raise copayments or deductibles. in fact, the law limits your ability to shift costs to your worker. >> most employers are looking forward to the cadillac tax in 2018 and realizing they're going to have to get ready for it now. >> reporter: employers have been asking workers to pay more for years, even before the new law. it's causing anxiety for the bakers. >> this is what next year will bring? what are the following years going to bring? >> reporter: lisa myers, nbc news, washington. >>> we are back in a m
the cadillac tax is designed to make companies and workers more cost conscious. the thinking is that if workers have to pay more expenses themselves, they will avoid unnecessary procedures. and that will bring down overall health costs. the president's top economic adviser insists the tax ultimately will hit only a small percentage of plans and four years from now. when employers notify workers they're saying one of the reasons for greater out of pocket costs is the new health care law....
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Feb 11, 2013
02/13
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turn around, the answer is to raise taxes. and, you know, he just got his tax hike on the wealthy. and you can't in this town ever three months raise taxes. >> reporter: while some of the president's most prominent items fallwell below the economy in budget deficits, among americans' top concerns, mr. obama is expected to cast them in economic terms as well, citing among other things, the benefits of attracting the world's best minds. the president's tone will matter, too, as he faces a choice between confrontation and compromise. >> he can continue the approach he's taken, which is very much an outside game, pressure the congress, turn up the heat. or he can go for a more conciliatory approach in this speech. >> reporter: the president will follow up his speech by taking his state of the union message on the road. he has three stops after the speech. they are asheville, north carolina, atlanta, georgia, winding down in his hometown of chicago. >> thank you, peter. we want to remind everyone, nbc news will have live coverage o
turn around, the answer is to raise taxes. and, you know, he just got his tax hike on the wealthy. and you can't in this town ever three months raise taxes. >> reporter: while some of the president's most prominent items fallwell below the economy in budget deficits, among americans' top concerns, mr. obama is expected to cast them in economic terms as well, citing among other things, the benefits of attracting the world's best minds. the president's tone will matter, too, as he faces a...
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Apr 1, 2013
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i can do tax return, i can submit 10 a day, i've made myself 40, $50,000. he goes and i can watch cartoons while i'm doing it. no stress. >> reporter: until recently, arrests and prosecutions were rare but the irs says that's changing. >> we stopped $20 billion from going out the door last filing season and we're constantly balancing how do we make sure we get the legitimate taxpayer their refund as quickly as possible without causing them undue burden, but at the same time stopping the bad returns. >> reporter: but sheila is not impressed. a crook filed as her not once, but twice. >> it is a life changing experience. that's the only reason i'm doing this interview, is because it is a horrible crime and it's not being handled well. >> reporter: this year she got her refund, but every year she worries she might be hit again. kate snow, nbc news, ft. lauderdale. >>> when we come back, a controversial suggestion about marriage in one of this country's most prestigious universities. >>> it's one of the most famous and widely imitated sketches in the history of
i can do tax return, i can submit 10 a day, i've made myself 40, $50,000. he goes and i can watch cartoons while i'm doing it. no stress. >> reporter: until recently, arrests and prosecutions were rare but the irs says that's changing. >> we stopped $20 billion from going out the door last filing season and we're constantly balancing how do we make sure we get the legitimate taxpayer their refund as quickly as possible without causing them undue burden, but at the same time stopping...
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Feb 10, 2013
02/13
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turn around, the answer is to raise taxes. and, you know, he just got his tax hike on the wealthy. and you can't in this town every three months raise taxes. >> reporter: while some of the president's most prominent items fell well below the economy in budget deficit among top concerns, mr. obama is prepared to cast them in economic terms as well, citing the benefitof attracting the world's best minds. the president's tone will matter, tomatter t, too. >> he can continue the approach he's taken, cl which is very mu an outside game. turn up the heat. or he can go to a more conciliatory tone. >> reporter: he has three stops after the speech, asheville, north carolina. atlanta, georgia. winding down in his hometown of chicago. >> all right, peter. we want to remind everyone, nbc news will have live coverage of the state of union address on tuesday at 9:00 eastern. >>> gunfire erupted on enormous' famed bourbon street overnight, wounding four people and sending mardi gras revelers running for cover. police said the shooting follow
turn around, the answer is to raise taxes. and, you know, he just got his tax hike on the wealthy. and you can't in this town every three months raise taxes. >> reporter: while some of the president's most prominent items fell well below the economy in budget deficit among top concerns, mr. obama is prepared to cast them in economic terms as well, citing the benefitof attracting the world's best minds. the president's tone will matter, tomatter t, too. >> he can continue the...
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Sep 26, 2013
09/13
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no tax credits for those earning $46,000 a year. the total charm would depend on the insurance competition. in your state. a woman in dallas could pay $575 a month for silver coverage. but that same person living in indianapolis could pay $775 a month. coverage may still be too expensive. but starting next week, the uninsured can get insurance and will be required to keep it or pay a penalty. >> for more on this we're joined by dr. nancy sneiderman. we do have people who understand this. and we want to be a source of clarity. >> it has been controversial, complicated. that's. >> we wanted to kick off things here tonight. we know it's confusing. that's why we're starting a platform to clarify just what the affordable care act is all about. so i asked you to feel free to send your questions to us. and we'll have the links on our website. and we're going to give you resources to help you figure out what that insurance will cost you. it is going to vary from state to state. and finally, it's important to remember, if you already have in
no tax credits for those earning $46,000 a year. the total charm would depend on the insurance competition. in your state. a woman in dallas could pay $575 a month for silver coverage. but that same person living in indianapolis could pay $775 a month. coverage may still be too expensive. but starting next week, the uninsured can get insurance and will be required to keep it or pay a penalty. >> for more on this we're joined by dr. nancy sneiderman. we do have people who understand this....
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Sep 25, 2013
09/13
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no tax credits for individuals making more than $46,000 a year. the charge would depend on the insurance competition in your state. a 60-year-old woman in dallas earn ing $50,000 a year could pay $575 a month for silver coverage. the same person living in indianapolis would pay about $725 a month. critics say the program doesn't offer enough options to the uninsured and coverage may be too expensive. starting next week the uninsured can get insurance and will be required to keep it or pay a penalty. tom costello, nbc news, washington. >> for more on this we are joined by dr. nancy snyderman. we have people who understand this and you are one of them. we want to be a source of clarity for folks. have at it. >> it's been continue server shall, complicated and it's a reason we wanted to kick off things tonight. we know it is confusing. we are starting a series of reports to clarify just what the affordable care act is all about. so i ask you tonight, feel free to send your questions to us at nbcnightlynews.com. we'll have links on the website to expl
no tax credits for individuals making more than $46,000 a year. the charge would depend on the insurance competition in your state. a 60-year-old woman in dallas earn ing $50,000 a year could pay $575 a month for silver coverage. the same person living in indianapolis would pay about $725 a month. critics say the program doesn't offer enough options to the uninsured and coverage may be too expensive. starting next week the uninsured can get insurance and will be required to keep it or pay a...
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May 16, 2013
05/13
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their job is to take our money, collect taxes. people hate the thought that it is being used for political purposes. conjures up for some of us of a certain age all kinds of bad memories. question to you is how deep do you think this goes? what came out today? >> well, i suspect we are just getting started on this. too much of what the irs initially told us was incomplete or has proven to be wrong. i think the republicans will be emboldened now that the irs commissioner has been forced out. house speaker john boehner began the day today saying he believed that laws were broken. he said, my question isn't who is going to resign. my question is who is going to jail over this scandal? now the irs continues to blame the targeting of conservatives and a few rogue employees in h the cincinnati office which handles applications for tax exempt status. sources say the irs commissioner told them two employees there have been disciplined. but a veteran lawyer told us today that this problem was not limited to cincinnati, that her clients who
their job is to take our money, collect taxes. people hate the thought that it is being used for political purposes. conjures up for some of us of a certain age all kinds of bad memories. question to you is how deep do you think this goes? what came out today? >> well, i suspect we are just getting started on this. too much of what the irs initially told us was incomplete or has proven to be wrong. i think the republicans will be emboldened now that the irs commissioner has been forced...
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Feb 23, 2013
02/13
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polls show a majority of americans support the president's plan to avert the sequester through new taxes and spending cuts. but house republicans say they just agreed to raise taxes and this deal should be solely based on slashing spending. >> house republicans have already passed two bills to replace the president's sequester. so the question is, why won't he work with us? and the answer, quite simply, is because he wants higher taxes. >> reporter: meanwhile the obama administration is warning of dire consequences. arguing as many as 10,000 teachers could be laid off. more than 1,000 fbi agents could see cutbacks or furloughs. there could be as many as 2,100 fewer food safety inspections. on friday, outgoing transportation secretary ray lahood said travelers would see major delays. >> this is going to have a real impact. calamity. it's a big deal. >> reporter: lahood said faa would need to trim $1 billion, less than 2% of the entire transportation budget. >> i think you've got a little bit of scare tactics going on there. >> reporter: and there is still finger-pointing over whose idea t
polls show a majority of americans support the president's plan to avert the sequester through new taxes and spending cuts. but house republicans say they just agreed to raise taxes and this deal should be solely based on slashing spending. >> house republicans have already passed two bills to replace the president's sequester. so the question is, why won't he work with us? and the answer, quite simply, is because he wants higher taxes. >> reporter: meanwhile the obama...
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Mar 28, 2013
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she said the tax bill was a shock. >> in the midst of my grief i realized the federal government was treating us as strangers and i paid a humongous estate tax. >> reporter: today conservatives questioned her lawyer's claim that the country has a different attitude now about same-sex marriage. >> why are you so confident in that judgment? how many states permit gay couples to marry? >> today? nine, your honor. >> nine. and so there has been this sea change between now and 1996. >> reporter: but the court's liberals sharply questioned doma saying the federal benefits denied legally married same-sex couples have a profound effect. >> they touch evy aspect of life. your partner is sick. social security, i mean, it's pervasive. the full marriage and then this sort of skim milk marriage. >> reporter: justice kennedy, potentially the pivotal vote, said the states -- not congress -- traditionally define what it means to be married and eligible for federal benefits. >> you are at real risk of running in conflict with what has always been thought to be the essence of the state police power wh
she said the tax bill was a shock. >> in the midst of my grief i realized the federal government was treating us as strangers and i paid a humongous estate tax. >> reporter: today conservatives questioned her lawyer's claim that the country has a different attitude now about same-sex marriage. >> why are you so confident in that judgment? how many states permit gay couples to marry? >> today? nine, your honor. >> nine. and so there has been this sea change between...
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some even call it a tax on the faithful. detractors say the mayor made the right call. the grammy award gospel artist was supposed to perform saturday night at a city sponsored concert at the mlk memorial as part of the run-up to to the 50th anniversary of the march on washington area but the mayor's office issued a statement saying so that his participation did not become a distraction, a mutual decision was reached that it was best for them to withdraw from the event. the singer took to the social media saying he was uninvited it's discrimination. it's intolerant. and it depriving [indiscernible] >> it stems from his past date he was delivered from homosexuality. many say the mayor made the new right move. >> i respect his artistry, but he has a record of spewing words of hate. >> but many in the faith community see it differently. black ministers from around the city lobbied the mayor to keep him on the program. >> it appalling to me. incompetence from the mayor's office -- if this was a surprise, they have not done their due diligence. ones who haveain his ear. deba
some even call it a tax on the faithful. detractors say the mayor made the right call. the grammy award gospel artist was supposed to perform saturday night at a city sponsored concert at the mlk memorial as part of the run-up to to the 50th anniversary of the march on washington area but the mayor's office issued a statement saying so that his participation did not become a distraction, a mutual decision was reached that it was best for them to withdraw from the event. the singer took to the...
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waste, fraud and abuse of tax dollars. tonight we're prepared to air a report about a staggering waste of money in washington. just as we're being told of the potential cuts on the way because there's not enough money. tonight, how it is $1 billion was allowed to be spent on a huge military project with virtually nothing to show for it. our report from our senior investigative correspondent, lisa myers. >> reporter: it was supposed to be the air force's revolutionary new computer system, to track everything from planes to spare parts to bombs to winter refueling tanker. the expeditionary combat support system. the idea was to save billions of dollars by combining 240 existing computer systems, some from the '70s, into a single system, for buying and managing everything. instead, after seven years and $1 billion, the air force has pulled the plug, stating the program has not yielded any significant military capability. senator john mccain wrote the pentagon, calling it one of the most egregious examples of mismanagement in
waste, fraud and abuse of tax dollars. tonight we're prepared to air a report about a staggering waste of money in washington. just as we're being told of the potential cuts on the way because there's not enough money. tonight, how it is $1 billion was allowed to be spent on a huge military project with virtually nothing to show for it. our report from our senior investigative correspondent, lisa myers. >> reporter: it was supposed to be the air force's revolutionary new computer system,...
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Mar 2, 2013
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if we're going to -- the president got his tax hikes on january the 1st. if we're going to get rid of loopholes, let's lower rates and make the tax code fair for all americans. >> here's the bottom line, brian. they're not going to give on revenues, not now. this process is totally stalled out. the speaker said, responded to the idea of the president warning of consequences that nobody knows what the impact will be on the economy. but this is significant. he says he's committed to keeping the government open, no shutdown, over these budget fights, brian. >> david gregory, thanks. we'll look for you and the exclusive interview sunday morning on "meet the press." >>> now to the town of seffner, florida, near tampa, where last night the earth opened up, as it does increasingly and thousands of times every year in this country. this time it swallowed a 37-year-old man as he slept in his home. our report tonight from nbc's gabe gutierrez. >> reporter: in his bed one minute, gone the next. >> all i saw was the top of his bed. >> reporter: jeremy bush says he hea
if we're going to -- the president got his tax hikes on january the 1st. if we're going to get rid of loopholes, let's lower rates and make the tax code fair for all americans. >> here's the bottom line, brian. they're not going to give on revenues, not now. this process is totally stalled out. the speaker said, responded to the idea of the president warning of consequences that nobody knows what the impact will be on the economy. but this is significant. he says he's committed to keeping...
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Feb 13, 2013
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these two sides are so far apart on taxes and spending. they don't see a way really to get together. i think it's going to be tough speech from that point of view and i think republicans are only gonna dig in. >> savannah, atmospherics going into tonight. every year is different. this year more different from the others. >> there's all this emotional weight because of the attendees, this coordinated effort to have victims of gun violence there in the hall, at a moment when the president is trying to push this -- these gun initiatives. and the calendar is the enemy for him on that because the farther we get away from something like newtown, the harder it is for him to accomplish his objectives. i think he is trying to seize the moment on many different levels. the political calendar, for sure, hints of compromise on things like guns and immigration, but also, this is a president who is enjoying somewhat of a second honeymoon in terms of the approval ratings and also looks at the republican party as deeply fractured, weak and vulnerable and
these two sides are so far apart on taxes and spending. they don't see a way really to get together. i think it's going to be tough speech from that point of view and i think republicans are only gonna dig in. >> savannah, atmospherics going into tonight. every year is different. this year more different from the others. >> there's all this emotional weight because of the attendees, this coordinated effort to have victims of gun violence there in the hall, at a moment when the...
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May 11, 2013
05/13
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this all concerns groups that are applying for tax exempt status as social welfare organizations. the irs has apologized for targeting for scrutiny and holding up applications from groups it thought were politically conservative. when the tea party was at its most vocal during the 2012 election cycle the irs now admits its agents singled out tax exempt applications from conservative groups scrutinizing those applications with tea party or patriot in the names. at the time the bush-appointed head of the irs insisted no group was being singled out. >> there is absolutely no targeting. this is the kind of back and forth that happens when people apply for 501-c-4 status. >> reporter: but in a conference call today the irs conceded its employees grouped together 75 applications but only, it insists, because it made for easier processing. >> they didn't do it because of any political bias. they did it because it was their shortcut way of describing the cases for centralization. >> reporter: conservative commentators, however, are not buying the explanation. >> they were targeting conser
this all concerns groups that are applying for tax exempt status as social welfare organizations. the irs has apologized for targeting for scrutiny and holding up applications from groups it thought were politically conservative. when the tea party was at its most vocal during the 2012 election cycle the irs now admits its agents singled out tax exempt applications from conservative groups scrutinizing those applications with tea party or patriot in the names. at the time the bush-appointed...
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Mar 24, 2013
03/13
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no tax increases. the senate budget doesn't get to balance after ten years, it includes $1 trillion of tax increases, even some stimulus money to try to get the economy going. but it's significant that they're fighting at a lower level of intensity and turmoil. notice that the congress left for easter break without a crisis over a government shutdown. there was no crisis over potential debt limit, and government default earlier this year. could come back this summer but so long as it lasts, that's calming for the markets and good for the economy, and it may, lester, leave some space still for a compromise in which democrats would agree to changes in cuts in medicare and social security, and republicans would come up with a little bit more tax revenue, lester. >> all right, john harwood tonight, thank you. >>> president obama wrapped up his four-day visit to the middle east today, after helping israel and turkey end a three-year diplomatic dispute. that, in turn, will help the region deal with the civil
no tax increases. the senate budget doesn't get to balance after ten years, it includes $1 trillion of tax increases, even some stimulus money to try to get the economy going. but it's significant that they're fighting at a lower level of intensity and turmoil. notice that the congress left for easter break without a crisis over a government shutdown. there was no crisis over potential debt limit, and government default earlier this year. could come back this summer but so long as it lasts,...
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Apr 15, 2013
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if needed, you can request a six-month extension for filing the paperwork, but not on any taxes owed. >>> on a less stressful note, consider this -- after a cold start to spring the cherry blossoms are finally in full bloom in washington. this weekend marked the end of the city's two-week cherry blossom festival. trees were given to the u.s. by the people of japan. >>> and some baby news tonight. it is a girl for jenna bush hager. a daughter of former president george w. bush and a correspondent for "today" here at nbc, margaret laura hager was born last night in new york. she's the first grandchild for the former president and his wife, laura. in a statement the bushes said their family is elated. >>> up next -- how one man got to soar on a journey back in time. >>> finally tonight, for one veteran of world war ii, it was a special journey into the past. reuniting with a trusted old friend and soaring once again as he did so many years ago. nbc's kristen dahlgren has our story tonight. >> reporter: just days before rudy's 90th birthday, a dream come true. >> it's been 69 years since
if needed, you can request a six-month extension for filing the paperwork, but not on any taxes owed. >>> on a less stressful note, consider this -- after a cold start to spring the cherry blossoms are finally in full bloom in washington. this weekend marked the end of the city's two-week cherry blossom festival. trees were given to the u.s. by the people of japan. >>> and some baby news tonight. it is a girl for jenna bush hager. a daughter of former president george w. bush...
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Jan 19, 2013
01/13
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fraud and filing false tax returns. it's alleged nagin took flat-out cash kickbacks from city contractors. he ran as a reformer, even in the long history of corrupt government officials in new orleans, this federal indictment is a first. some time ago, ray nagin left new orleans and moved to dallas, texas. >>> more bad news for boeing after the faa grounded all their 787 dreamliners while they investigate some onboard problems. boeing has now suspended deliveries of the aircraft to customers. this has been a huge blow to the big seattle manufacturer, because of what the 787 means in their fight for market share with airbus of europe. boeing has nearly 800 orders for new dreamliners in these coming few years. >>> in washington tonight, with our latest polling showing the gop at its lowest approval rating in years, there are indications the party is trying to avoid being seen as obstructionist in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for thre
fraud and filing false tax returns. it's alleged nagin took flat-out cash kickbacks from city contractors. he ran as a reformer, even in the long history of corrupt government officials in new orleans, this federal indictment is a first. some time ago, ray nagin left new orleans and moved to dallas, texas. >>> more bad news for boeing after the faa grounded all their 787 dreamliners while they investigate some onboard problems. boeing has now suspended deliveries of the aircraft to...
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Jun 5, 2013
06/13
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. >> reporter: singled out by the irs for extra scrutiny when their groups had applied for tax exempt status. >> the types of questions asked by the irs included asking me to identify the political affiliation of my mentors. >> reporter: the conservative groups described a nightmare of red tape, questioned about donors, speakers, even how much time one group spent on prayer. >> we never thought we would have to defend our prayer activities. >> reporter: while both democrats and republicans agree the irs crossed the line, some democrats see heavy-handed bureaucracy and not a conspiracy against conservatives. >> what happened to you was unfair. it was unfair, and incredibly inconvenient, but it was a mistake. >> reporter: republicans say it was intimidation, but congress needs more answers. >> we still don't know who initiated this. we still don't know how far it goes up the chain. >> reporter: today another embarrassment for the irs involving your tax dollars. a new inspector general's report on travel expenses found the agency spent $49 million on 225 employee conferences between 2010
. >> reporter: singled out by the irs for extra scrutiny when their groups had applied for tax exempt status. >> the types of questions asked by the irs included asking me to identify the political affiliation of my mentors. >> reporter: the conservative groups described a nightmare of red tape, questioned about donors, speakers, even how much time one group spent on prayer. >> we never thought we would have to defend our prayer activities. >> reporter: while both...
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May 14, 2013
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they go after our money and collect our taxes. when it looks like they are going after certain people, when the irs is used as a political tool because of the politics of groups or individuals, that isn't fair or legal. and that's the issue currently enveloping the irs. the president today talked about the allegation that certain groups, especially those tied to the tea party might have received special scrutiny because of their politics. it's just one front the white house is dealing with. it's where we begin here tonight with nbc's lisa myers in our d.c. newsroom. lisa, good evening. >> reporter: brian, good evening to you. a draft report obtained by nbc news shows the targeting of conservative groups for special scrutiny began earlier than the irs has admitted and suggested a senior irs official was told what was going on almost two years ago. today the president joined the chorus of bipartisan outrage. >> i've got no patience with it. i will not tolerate it. we'll make sure we find out exactly what happened on this. >> reporte
they go after our money and collect our taxes. when it looks like they are going after certain people, when the irs is used as a political tool because of the politics of groups or individuals, that isn't fair or legal. and that's the issue currently enveloping the irs. the president today talked about the allegation that certain groups, especially those tied to the tea party might have received special scrutiny because of their politics. it's just one front the white house is dealing with....
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Sep 30, 2013
09/13
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won't be affected include essentials like mail delivery, air traffic control and the tsa along with tax collection, social security, unemployment, food stamps, and pass ports. while more than 800,000 federal workers stand to lose a paycheck, the president and members of congress will still receive them. >> i think they can take those congress persons' paychecks away. >> if you feel government employees shouldn't be paid you should give up your check. >> reporter: as for elizabeth leidel, she needs to report to work tomorrow to find out if she'll be sent home. >> they are in the sandbox, kicking sand into the american people's eyes. it hurts. >> reporter: many estimates suggest a shutdown could cost the government between $40 million and $80 million a day. that could hit very close to home for many american families. brian? >> kevin tibbles in chicago for us tonight. kevin, thanks. >>> couple other notes tonight. while bickering over this, washington politicians haven't suspended their own effort to retain money for their own jobs. both parties collected almost a billion dollars in the f
won't be affected include essentials like mail delivery, air traffic control and the tsa along with tax collection, social security, unemployment, food stamps, and pass ports. while more than 800,000 federal workers stand to lose a paycheck, the president and members of congress will still receive them. >> i think they can take those congress persons' paychecks away. >> if you feel government employees shouldn't be paid you should give up your check. >> reporter: as for...
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taxes and many regulations. the "triumph" is incorporated in the bahamas. >> this industry is unregulated because they have successfully hidden behind their fortunes flags. >> reporter: in 2010, congress did pass the cruise vessel security and safety act, mandating better crime reporting at sea. but critics say it's not enough. >> there's no reason when a ship is mechanically deficient, operating out of the united states, that the united states cannot take action against the cruise lines. >> reporter: the industry says it has improved, implementing new safety policies following a string of disasters last year. like the cost of "concordia" and the cost of "allegra." >> this is already a heavily regulated industry. it's regulated at both international levels and national levels. and the enforcement occurs in multiple layers. >> reporter: door says on any given day there are some 280 cruise ships on the open seas. carrying about 300,000 passengers. for those considering any kind of travel, the most important inform
taxes and many regulations. the "triumph" is incorporated in the bahamas. >> this industry is unregulated because they have successfully hidden behind their fortunes flags. >> reporter: in 2010, congress did pass the cruise vessel security and safety act, mandating better crime reporting at sea. but critics say it's not enough. >> there's no reason when a ship is mechanically deficient, operating out of the united states, that the united states cannot take action...
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Dec 4, 2013
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have financial information including tax returns in hand. if you created an account in october, scrap it. start a new one. and if you think yao signed up but haven't heard directly from the insurance company in a week, you have to call them yourself. tip number two is what got pam through the plan in florida, back in october, pam tried multiple times but gave up. today after creating a third new account, success. >> i was surprised about how easy it was. as i said it only took about ten to 15 minutes for the whole enrollment process. >> reporter: while pam's confident she has insurance since she paid her first premium via credit card, some insurance companies believe they are getting inaccurate or incomplete information from the government about the new enrollees. >> they are concerned that they are not getting the information and that they can get insured by january 1st. >> reporter: so while the website is working better, there was some bad news for the white house today. a new report from the treasury inspector general's office, brian, wa
have financial information including tax returns in hand. if you created an account in october, scrap it. start a new one. and if you think yao signed up but haven't heard directly from the insurance company in a week, you have to call them yourself. tip number two is what got pam through the plan in florida, back in october, pam tried multiple times but gave up. today after creating a third new account, success. >> i was surprised about how easy it was. as i said it only took about ten...
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Oct 15, 2013
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going to look -- this feels like it's looking a lot like what happened at the end of 2012 when that big tax deal where the white house and the speaker of the house couldn't come to an agreement, and they had to let the senate do the work. now, if this senate deal goes into effect, realize this, brian. it only keeps the government open until january 15th. the debt limit until february 15th. so what does that really mean? you and i both know that it's very possible on january 14th we're having the same conversation about wondering whether the government is going to shut down again, whether these republicans and the white house can get on the same page and do a big, large budget. and there is no proof even in this deal that they can pull that off. >> after two weeks of this, we all feel a little bit repetitive. chuck todd at the white house tonight. chuck, thanks. >>> we touched on this earlier. this current showdown and this current government shutdown traces its history back to a determined core of gop house members who are vehemently against obama care and were willing to shut down the gove
going to look -- this feels like it's looking a lot like what happened at the end of 2012 when that big tax deal where the white house and the speaker of the house couldn't come to an agreement, and they had to let the senate do the work. now, if this senate deal goes into effect, realize this, brian. it only keeps the government open until january 15th. the debt limit until february 15th. so what does that really mean? you and i both know that it's very possible on january 14th we're having...
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advantage tax savings plan. ♪ >>> they came out of the gate last week and led the giants 14-0 in the first half. welcome to "redskins showtime" i'm chick hernandez. after a season-long drought in the first quarter the
advantage tax savings plan. ♪ >>> they came out of the gate last week and led the giants 14-0 in the first half. welcome to "redskins showtime" i'm chick hernandez. after a season-long drought in the first quarter the
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Jan 20, 2013
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he wanted tax increases for the wealthy, he got those. his party is united but he faces a very difficult environment in washington and immediately after this inauguration, he is back in the brew of a fight over the debt and the fight over the gun legislation that he wants so it's a pretty toxic atmosphere here. >> you covered both terms of the second bush -- of the bush administration. what is the hard reality of a second term for a president? >> time moves quickly. you feel good. you put in the people you want. you have a different attitude of what you can accomplish. you don't have to run. you don't have to campaign anymore, and realize the window is short. the president's got big goals whether it's energy, immigration and he's in the trench warfare yet with republicans with a series of big stand 1y5u6s coming up, starting with the debt ceiling. all of this about the budget which could quickly overtake the second term. >> david gregory, thanks very much. i want to let folks know, tomorrow morning on "meet the press," david will be joine
he wanted tax increases for the wealthy, he got those. his party is united but he faces a very difficult environment in washington and immediately after this inauguration, he is back in the brew of a fight over the debt and the fight over the gun legislation that he wants so it's a pretty toxic atmosphere here. >> you covered both terms of the second bush -- of the bush administration. what is the hard reality of a second term for a president? >> time moves quickly. you feel good....
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May 18, 2013
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congress in not revealing for the last year that tea party and other conservative groups applying for tax exempt status had been targeted for extra scrutiny. >> why did you mislead congress and the american people on this? >> mr. chairman, i did not mislead congress nor the american people. i answered the questions as they were asked. >> who is responsible for targeting these groups? >> i'm going to take exception to the concept of targeting. it's a loaded term. >> reporter: miller said groups with tea party or patriot names were improperly singled out as a bureaucratic shortcut not out of partisanship. >> we provided horrible customer service here. i will admit that. we did. horrible -- but politically motivated is a different question. >> reporter: republicans didn't buy it. >> if the targeting wasn't targeting. if the targeting wasn't based on philosophy, how come only conservatives got snagged? >> they didn't, sir. >> reporter: miller acknowledged the irs planted a question at a conference last week so a senior official, lois lerner, could break the news that conservative groups were
congress in not revealing for the last year that tea party and other conservative groups applying for tax exempt status had been targeted for extra scrutiny. >> why did you mislead congress and the american people on this? >> mr. chairman, i did not mislead congress nor the american people. i answered the questions as they were asked. >> who is responsible for targeting these groups? >> i'm going to take exception to the concept of targeting. it's a loaded term. >>...
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Apr 14, 2013
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if needed you can request a six-month extension for filing the paperwork, but not on any taxes owed. >>> on a less stressful note, consider this -- after a cold start to spring the cherry blossoms are finally in full bloom in washington. this weekend marked the end of the city's two-week cherry blossom festival. trees were given to the u.s. by the people of japan. >>> and some baby news tonight. it is a girl for jenna bush hager. a daughter of former president george w. bush and a correspondent for "today" here at nbc, margaret laura hager was born last night in new york. she's the first grandchild for the former president and his wife, laura. in a statement the bushes said their family is elated. >>> up next -- how one man got to soar on a journey back in time. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue
if needed you can request a six-month extension for filing the paperwork, but not on any taxes owed. >>> on a less stressful note, consider this -- after a cold start to spring the cherry blossoms are finally in full bloom in washington. this weekend marked the end of the city's two-week cherry blossom festival. trees were given to the u.s. by the people of japan. >>> and some baby news tonight. it is a girl for jenna bush hager. a daughter of former president george w. bush...
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Feb 8, 2013
02/13
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outrage over $1 billion of tax money wasted. for all the talk in washington, is it any way to run our government? >>> and later, a sad invasion of privacy for two former u.s. presidents, their family, their friends. the secret service investigation under way. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. hey amermart way to help manage hunger and diabetes. ica, even thoughuncer ] glucerna hunger smart. hey they don't need one, wes, clay, and demarcus tried on the depend real fit briefs for charity to prove how gre
outrage over $1 billion of tax money wasted. for all the talk in washington, is it any way to run our government? >>> and later, a sad invasion of privacy for two former u.s. presidents, their family, their friends. the secret service investigation under way. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb...